Psychiatric Solutions shareholders OK increase in shares

KatherineHunt

SAN FRANCISCO (MarketWatch) -- Psychiatric Solutions Inc.
PSYS, -3.00%
said Thursday that its shareholders have approved an increase in the number of authorized shares of common stock. As a result, the company now has the authorized shares available to proceed with its previously announced 2-for-1 stock split, which will be effected as a 100% stock dividend. The Franklin, Tenn.-based healthcare provider said it plans to distribute the new shares on Jan. 9 to shareholders of record as of Dec. 27.

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